SouthState Bank (SSB) director receives 1,050 RSUs as annual fee
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PAGE G RUFFNER JR reported acquisition or exercise transactions in this Form 4 filing.
SouthState Bank Corp director Page G. Ruffner Jr. received a grant of 1,050 Restricted Share Units (RSUs) tied to the company’s common stock. The RSUs were awarded as the stock component of his annual director fees and later cliff vested into an equal number of common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
PAGE G RUFFNER JR
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Share Units | 1,050 | $97.48 | $102K |
Holdings After Transaction:
Restricted Share Units — 1,050 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSUs granted: 1,050 units
Grant reference price: $97.48 per unit
Underlying common shares: 1,050 shares
3 metrics
RSUs granted
1,050 units
Restricted Share Units awarded as stock component of annual director fees
Grant reference price
$97.48 per unit
Reference price used for the 1,050 RSU award
Underlying common shares
1,050 shares
Number of SouthState Bank Corp common shares underlying the RSUs
Key Terms
Restricted Share Units, cliff vested, annual director fees
3 terms
cliff vested financial
"These RSUs cliff vested on 11/1/2026"
annual director fees financial
"granted on 5/1/2026 as part of the stock component of the annual director fees"
FAQ
What insider transaction did SouthState Bank Corp (SSB) report for Page G. Ruffner Jr.?
SouthState Bank Corp reported that director Page G. Ruffner Jr. received 1,050 Restricted Share Units as part of his annual director fees. These RSUs represent compensation, not an open-market stock purchase or sale, and convert into the company’s common shares upon vesting.
Was the SouthState Bank (SSB) RSU award an open-market stock purchase?
No, the SouthState Bank Corp transaction was a grant of 1,050 Restricted Share Units as compensation, not an open-market purchase. It reflects an equity award under the company’s director fee program, which later converts into common shares when the RSUs vest according to the plan.
What does ‘cliff vested’ mean for the SouthState Bank (SSB) RSUs?
For SouthState Bank Corp, ‘cliff vested’ means all 1,050 Restricted Share Units vested at a single time rather than gradually. On the vesting date, the full award converted into the same number of common shares, delivering the equity component of the director’s annual fees at once.
What type of security is involved in the SouthState Bank (SSB) insider Form 4?
The security reported is Restricted Share Units that settle into SouthState Bank Corp common stock. Each of the 1,050 RSUs corresponds to one underlying common share, providing equity-based compensation without an initial cash outlay or open-market transaction by the director.